03 January 2013
In case Form No. ‘103’ is not submitted to the Institute’s Office within 30 days from the date of commencement of training, the procedure laid down by the Council for condonation of delay in submission of forms will apply. Delay Corresponding fees to be paid 30 days beyond specified period Rs. 100 31-180 days beyond specified period Rs. 300 Beyond 181 days Rs. 1,000
03 January 2013
The requests for condonation should be accompanied by the appropriate forms, alongwith prescribed fee, by way of Demand Draft/Local Account Payee Cheque, drawn in favour of The Secretary, The Institute of Chartered Accountants of India, payable at the cities where the Decentralised Offices of the Institute are located. The applicants are requested to enclose all relevant information/documents necessary for condonation, alongwith the fee. The Council also decided about the delegation of authority for condonation at various levels as under: Period of delay Authority
Upto 6 months DCO Head 6 months to 1 year Secretary Above 1 year wherever applicable Vice-President/President The above has come into force w.e.f. 1st April, 2002.
The Executive Committee at its 402nd meeting held in June 2002 decided that the cases for condonation of breach of Regulations 190(4) and 190(7) which are received by the office after/beyond 2 years of the period excluding the period of a month prescribed under Regulations be considered by the Executive Committee and that the Committee will decide on case to case basis.